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| 正面描述 | The obverse is printed in dark brown on a pink guilloche underprint, enclosed within a decorative border of repeating star and geometric motifs. The numeral denomination '3000000' appears in stylised block lettering across the upper left, flanked to the right by a winged wheel vignette — the emblem of the Deutsche Reichsbahn — while the value in Gothic script 'Drei Millionen Mark' dominates the centre in large blackletter type. Below the denomination, a three-paragraph text block states the conditions of acceptance at railway and public cashiers, dated 'Köln, den 11. August 1923', with the issuing authority 'Reichsbahndirektion Köln' and two manuscript signatures; a red circular stamp bearing the Deutsche Reichsbahn eagle and the number '15' is applied to the lower left. |
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| 正面铭文 | 3000000 Mark Gutschein der Deutschen Reichsbahn Reihe A Drei Millionen Mark Dieser Gutschein wird von allen Eisenbahn- und andern öffentlichen Kassen in Zahlung genommen. Er verliert seine Gültigkeit einen Monat nach Aufkündigung in den Kölner Ortsblättern. Köln, den 11. August 1923 Reichsbahndirektion Köln |
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The Reichsbahndirektionen — regional railway directorates — were among dozens of non-banking entities authorized to issue emergency currency during the hyperinflation of 1923, when the Reichsbank simply could not print fast enough to meet demand. The Cologne directorate issued notes denominated in the millions as a matter of operational necessity: workers needed to be paid, and the wages required to buy a loaf of bread were climbing daily.
Three million marks sounds staggering; by late 1923 it would barely cover a tram fare.